ETOBICOKE, Ontario -- Oshawa Group here said second-quarter net earnings increased 5% to $13.46 million (Canadian $18.7 million), but year-to-date earnings of $18.72 million were 10% below the same period a year ago due to a poor first quarter. (Conversion based on $1 U.S.=$1.38 Canadian.)
is expected to close Oct. 6 pending regulatory approval.
For the quarter ended Aug. 9, Oshawa reported consolidated sales rose 18.4% to $1.575 billion. Year-to-date, sales increased 16.2%